RT Journal Article
SR Electronic
T1 Is Smart Beta Really Smart?
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 127
OP 134
DO 10.3905/jpm.2014.40.5.127
VO 40
IS 5
A1 Burton G. Malkiel
YR 2014
UL https://pm-research.com/content/40/5/127.abstract
AB There is a popular new investment strategy in portfolio management called smart beta. With a catchy title and a promise of improved portfolio performance, the strategy has already attracted hundreds of billions of dollars and is growing by leaps and bounds. Unfortunately, according to the author smart beta portfolios do not consistently outperform and when they do produce appealing results, they flunk the risk test.TOPICS: Portfolio management/multi-asset allocation, financial crises and financial market history, volatility measures